Leadership & Pay ·
BNB Plus Corp. mutually terminated its Strategic Digital Assets Services Agreement and Strategic Advisor Agreement…
APDNApplied Dna Sciences Inc
BNB Plus Corp. mutually terminated its Strategic Digital Assets Services Agreement and Strategic Advisor Agreement with Cypress LLC entities effective July 23, 2026. The settlement requires the company to pay $1,000,000 in cash ($500,000 upfront plus twelve monthly installments) and issue 200,000 shares of Series B-1 Convertible Preferred Stock. Joshua Kruger resigned as Chairman and director effective July 31, 2026, while Chief Investment Officer Patrick Horsman ceased his role immediately. The agreement includes a standstill provision preventing the Cypress Parties from acquiring additional equity or soliciting proxies until September 29, 2030, alongside the rescission of nearly 700,000 warrants and modification of remaining warrants. BNB Plus Corp. operates in the crypto technology sector, providing digital asset management services.